Premises and Equipment, Net

6 Months Ended

Jun. 30, 2011

Premises and Equipment, Net [Abstract]

4.		PREMISES AND EQUIPMENT, NET

		Premises and equipment are comprised of the following:


	June 30,		December 31,
	2011		2010
Land and improvements	$	8,531,000	$	8,531,000
Buildings		24,528,000		24,528,000
Furniture and equipment		12,514,000		12,478,000

		45,573,000		45,537,000
Less: accumulated depreciation		18,429,000		17,664,000


Premises and equipment, net	$	27,144,000	$	27,873,000

Depreciation expense totaled $0.4 million during the second quarter of 2011, compared to $0.5 million during the second quarter of 2010. Depreciation expense totaled $0.8 million during the first six months of 2011, compared to $1.1 million during the first six months of 2010.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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